I have a number of specific rules which govern the type of price set ups I look for. To help me identify these I have developed and refined scans over a number of years.
My original scan codes only identified price breakouts at the point they occurred. This meant I had to be in front of the screen and see these pop up in real time so that I could get in close to the breakout level. I've now been able to re-code these so I can identify these set ups prior to breakout.
This enables me to enter stop orders on a Good Til Cancelled basis on the market open.
